Garmin Ltd (GRMN)

Re: Garmin Ltd (GRMN)

Postby kennynah » Thu Nov 05, 2009 12:04 am

Garmin posts higher 3Q profits....
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Re: Garmin Ltd (GRMN)

Postby iam802 » Thu Nov 05, 2009 12:08 am

kennynah wrote:Garmin posts higher 3Q profits....


which is even more scary....maybe the market makers invisible hand at work
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Re: Garmin Ltd (GRMN)

Postby millionairemind » Thu Nov 05, 2009 8:15 am

iam802 wrote:
kennynah wrote:Garmin posts higher 3Q profits....


which is even more scary....maybe the market makers invisible hand at work


And the stock went down 15% last night!! :shock: :shock: :?
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Garmin Ltd (GRMN)

Postby kennynah » Thu Nov 05, 2009 12:47 pm

could be a host of reasons for this to happen...

current profits level didnt meet expectations and/or forward guidance maybe poor...
me not vested on this counter, so, too lazy to go dig up the details of earnings report last night...
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Re: Garmin Ltd (GRMN)

Postby iam802 » Mon Jan 11, 2010 5:01 pm

Garmin has a bullish gap up last Friday.

With the gap up, GRMN is now above the kumo with the Chikou Span (highlighted in yellow) having pierce through the resistance levels.

On top of that, both the Tenkan sen and Kijun sen is now pointing upwards; a possible indication of a new bullish trend after its dismal drop last year.

Image
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Garmin Ltd (GRMN)

Postby iam802 » Wed May 05, 2010 11:39 pm

Garmin reported earnings and miss the estimate of 0.415 vs reported of 0.38

On the Ichimoku chart, we have a few indicators aligned for a bearish trade.

1. Bearish Tenkan sen – Kijun sen cross

2.Gap down on earnings

3. Break below kumo support

I will be looking for a Vertical Credit Call for this.

Image
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Garmin Ltd (GRMN)

Postby iam802 » Thu Jun 10, 2010 11:37 am

Increasing number of companies are relocating from Cayman to Swiss..

Anticipating corporate taxes to be going up.

---
Garmin gets approval to move incorporation from Cayman Islands to Switzerland

http://www.startribune.com/business/95623924.html
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Garmin Ltd (GRMN)

Postby iam802 » Sun Sep 12, 2010 12:28 pm

A follow up review on GRMN.

Garmin continues on its bearish move since my May’s post.

With the downward trend so strong, I won’t be surprised if GRMN will go below $15 soon.

Will the average user be buying a smartphone from Garmin? Or will they choose from Apple, Motorola, Samsung, Nokia, BlackBerry etc.

What will be the catalyst for it to rise?

Among the typical M&A, going private etc. In fact, I am thinking about possibility of RIMM acquiring GRMN.

This is really a stretch on my imagination here as I do not know whether RIMM has a comprehensive mapping services.

I do know that they have some geolocation services testing via this post

At the same time, if RIMM succeed with their own mapping services, it is also possible for them to kill GRMN’s core business through their deals with automotive.


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1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Garmin Ltd (GRMN)

Postby iam802 » Tue Sep 14, 2010 1:35 pm

There are times when I am right and there time times when I am wrong.

Image

Garmin is one of those. I was looking for a short entry it as it consolidates over the few days with a possible resistance level at around $28.50 to $29

My trade plan is to enter if it breaks the support as identified on the chart at around $28.

The saving grace for me is, the setup did not materialise.

Garmin was up yesterday on the open and went on to break resistance and surge higher.

If there’s a lesson for this trade that did not materialise, it will be :

No Setup. No Trade
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Garmin Ltd (GRMN)

Postby cif5000 » Thu Jul 07, 2011 11:31 pm

I bought the GPS watch and now the stock. No debt, good dividend, potential takeover target. Good luck.
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